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AFRICOAST ENERGY LAUNCHED
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AFRICOAST ENERGY LAUNCHED

FOLLOWING significant growth in the renewable energy business, 
AfriCoast Engineers SA has developed a sister company to exapnd
its vision.
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Zeda sees profit dip as rental business weighs on performance

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While buoyed by a solid performance in the leasing market, JSE-listed Zeda saw its profit for the six months ended March 31 dip as a lukewarm domestic economy, global headwinds and changing new-car market weighed on its rental business. Zeda said on Tuesday that its revenue for the first half of the financial year increased by 3.2%, to R5.5-billion, while operating profit was down 0.6%, to R841-million.

Informal land ownership a major issue globally, highlights World Bank

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Two-thirds of the world's assets are in land and buildings, highlighted World Bank global leader in land Mikka-Petteri Törhönen in a presentation at the XXVIII Congress of the International Federation of Surveyors (better known as FIG), at the Cape Town International Convention Centre. The total value of the assets concerned came to about $415-trillion.  But when it came to land, there was still a lot of "informal" land ownership -- that is, not formally registered and recorded with the authorities -- worldwide, he pointed out. 

Stefanutti posts strong full-year results, supported by Kusile settlement

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JSE-listed multidisciplinary construction group Stefanutti Stocks delivered a strong performance for the financial year ended February 28, supported by the recognition of the Kusile power project settlement. The company and power utility Eskom in November last year signed a settlement agreement, resulting in R580-million being paid to the construction group.

South Africa targets January 2027 for revised AI policy after earlier withdrawal

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South Africa's communications minister established an independent panel of experts to review a draft national policy on artificial intelligence, after an earlier version was withdrawn when it was found to contain fictitious and potentially AI-generated references. Solly Malatsi briefed a parliamentary committee on Tuesday after pulling the earlier draft. The target publication date for public comment is January 2027, according to Jeanette Morwane, the Department of Communications and Digital Technologies acting deputy director-general.

Nersa extends deadline for comments on electricity market code and rules

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The National Energy Regulator of South Africa (Nersa) has extended the deadline for written comments on the Market Code and Market Rules needed before the South African Electricity Wholesale Market (SAWEM) can be implemented. The deadline for written comments has been extended to June 22 from May 29 and the regulator also announced that it would host virtual public hearings on July 1.
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